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🔺 Recommend CNH Short On Soft China Macro Data: Citi FX Strategy

  • Recommend buying 3m USD/CNH at 6.9780

  • Target spot to move towards 7.2 yuan

  • Bearish exposure to yuan as April macroeconomic data disappointed, it confirmed that the services sector re-opening failed to spill over to the broader economy

- Citi FX Strategy

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